US June pending home sales -1.9% m/m vs +0.3% expected

US June pending home sales data from the National Association of Realtors

Regional indexes:

• Northeast 98.5 vs 98.0 prior
• Midwest 108.3 vs 107.7 prior
• South 132.4 vs 136.5 prior
• West 98.1 vs 102.0 prior
  

Separately, Freddie Mac reported that US 30-year fixed mortgages were clocking in at 2.8% vs 2.78% a week earlier.

"Pending sales have seesawed since January, indicating a turning point for the market," said Lawrence Yun, NAR's chief economist. "Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat.

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July 30, 2021 at 02:00AM

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